Seoul National University Halts Crypto Donations Until Stability and Regulations Are Assured

Quick Summary:

Seoul National University (SNU) in South Korea has made a significant decision to halt cryptocurrency donations until the stability of digital assets is assured and appropriate regulatory frameworks are in place.

In a bid to support emerging startups, Wemade, a leading game company, pledged KRW 1 billion (about $737,000) in WEMIX tokens to a startup fund associated with SNU.

Looking ahead, Seoul National University aims to develop a secure and regulated framework for accepting cryptocurrency donations.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaSouth Korea

Topics: Seoul National University Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 10:33:54 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 557 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23036259

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